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Monday, September 23, 2013

Citigroup's trading revenues drop significantly.

Citigroup's (C) trading revenue has reportedly fallen sharply following a greater than-expected slowdown during the summer, with the decline threatening to hurt the bank's overall earnings. The firm's focus is weighted towards interest rates and forex, which are seen as weak, while it also has high exposure to emerging markets, which have recently suffered from capital flight and falling currencies. Shares were -0.2% premarket.

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